Nayax (NYAX) Cash Flow: Operating & Free Cash Flow

Nayax Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Nayax Ltd. (NYAX) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Operating Activities
Net Income	35.52	-5.63	-15.89	-37.51	-24.77	-6.08	-5.49
Depreciation & Amortization	25.49	21.37	12.51	9.03	7.20	5.91	4.82
Deferred Income Tax	-5.40	-1.36	-0.29	-0.18	0.03	-0.23	-0.22
Stock Based Compensation	7.31	7.19	6.03	8.75	8.85	2.97	1.40
Change in Working Capital	-12.62	10.52	3.97	-14.00	-5.22	0.39	-3.97
Change in Accounts Receivable	-34.53	-12.49	-12.49	-19.26	-10.57	-3.89	-0.25
Change in Inventory	-4.97	2.07	3.24	-12.59	-2.63	-0.51	-0.47
Change in Accounts Payable	53.79	29.80	1.19	29.21	10.06	3.15	-2.63
Change in Other Working Capital	-38.32	-11.33	12.02	4.44	-6.88	1.64	-0.63
Other Operating Activities	-15.40	9.45	2.48	4.44	1.14	3.54	2.03
Net Cash from Operating Activities	40.29	42.90	8.80	-27.55	-12.81	6.49	-1.44
Investing Activities
Capital Expenditures	-5.33	-3.08	-18.71	-15.22	-2.64	-7.86	-6.69
Acquisitions	-51.94	-15.49	-18.33	-4.50	-6.92	-1.27	-0.14
Purchases of Investments	4.71	-8.24	-0.20	-7.34	-7.25	-0.41	0.00
Sales/Maturities of Investments	11.12	-21.89	0.00	-13.71	-6.06	0.41	0.00
Other Investing Activities	-3.41	2.79	-17.70	0.08	0.22	0.55	-1.50
Net Cash from Investing Activities	-78.74	-45.91	-36.83	-26.54	-22.64	-8.57	-8.33
Financing Activities
Debt Repayment	-8.69	-7.01	32.03	-7.04	-13.05	5.45	-0.74
Common Stock Issued	4.95	66.64	0.00	1.15	133.28	-1.05	0.00
Other Financing Activities	-8.22	-5.65	-0.47	-0.19	-2.19	0.60	4.92
Net Cash from Financing Activities	265.82	50.84	31.55	6.21	114.14	6.05	4.18
Summary
Effect of Forex Changes on Cash	11.25	-2.69	0.99	0.62	0.63	0.04	0.00
Net Change in Cash	236.41	44.74	4.51	-47.89	79.14	3.78	-5.59
Cash at Beginning of Period	83.13	38.39	33.88	87.33	8.20	4.41	10.00
Cash at End of Period	319.54	83.13	38.39	33.88	87.33	8.20	4.41
Free Cash Flow	34.96	39.82	-7.76	-42.77	-15.44	-1.37	-8.12
Supplemental Disclosures
Interest Paid	-	4.55	2.65	0.50	0.63	1.07	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Nayax Cash Flow

What is Nayax's free cash flow?

Nayax generated free cash flow of $34.96M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $40.29M minus $5.33M of capital expenditures. That was down 12.2% from $39.82M a year earlier. Free cash flow equaled 8.7% of revenue.

How much does Nayax spend on capital expenditures?

Nayax spent $5.33M on capital expenditures in fiscal 2025, compared with $3.08M a year earlier. That equals 13.2% of operating cash flow.

Does Nayax pay dividends or buy back shares?

Nayax's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition